The trading price of New Era Helium Inc (NASDAQ:NEHC) closed higher on Monday, June 16, and closing at $0.60, 9.54% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $12.29 and a 52-week low of $0.47. Over the past month, the stock has lost -12.55% in value.
New Era Helium Inc, whose market valuation is $8.61 million at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable.
A quick review shows that NEHC’s price is currently 1.57% off the SMA20 and -20.92% off the SMA50. The RSI metric on the 14-day chart is currently showing 44.95, and weekly volatility stands at 13.55%. When measured over the past 30 days, the indicator reaches 8.68%. New Era Helium Inc (NASDAQ:NEHC)’s beta value is currently sitting at 0.19, while the Average True Range indicator is currently displaying 0.13.
To see how New Era Helium Inc stock has been performing in comparison to its peers in the industry, here are the numbers: NEHC stock’s performance was 9.54% in the latest trading, and -94.42% in the past year.
An evaluation of the daily trading volume of New Era Helium Inc (NASDAQ:NEHC) indicates that the 3-month average is 3.82 million.
Currently, records show that 13.95 million of the company’s shares remain outstanding. The insiders hold 57.07% of outstanding shares, whereas institutions hold 2.14%. However, since the stock’s price has seen -90.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
